Name: Trixia Dale P.
Jimeno Section:
BSMA3 - C1
ACC 118: Strategic Business Analysis
SAS #3: Financial Planning and Budgeting
A. Lesson Preview/Review
Activity1: What I know Chart, Part 1 (3 minutes)
What I Know Question: What I learned
(Activity 4)
A written document that What is a A conducted document that
describes a company's business plan? outlines your company's
objectives, initiatives, and goals, operating plans, and
paths for success is called strategy for turning a profit
a business plan. is called a business plan. It
draws attention to crucial
elements like administration,
finance, and marketing in
order to keep things focused
and help achieve goals.
B. Main Lesson
Activity 2: Content Notes
Activity 3: Skill - Building Activities
Exercise 1: List down at least three advantages of using
budgets.
1. It fosters better communication and collaboration.
2. It offers valuable data to enhance decision-making processes.
3. It sets clear standards for evaluating performance.
Exercise 2: Pick the Oddity!
Instruction: For each of the following items, underline the
word/term that makes the statement incorrect.
1. alone
2. Long-range/twelve months
3. Long-range
4. Short-term plans
5. Qualitative
6. Relevant
7. Cooperation
8. Coordination
9. Zero-based Approach
10. Never
Exercise 3: Briefly explain your answer.
Question: Does a not-for-profit agency need to budget? Why
or why not?
A non-profit organization is required to create a budget. Proper
utilization of resources through budgeting guarantees that the
company can continue to operate efficiently while achieving its
goals. Additionally, it encourages accountability and
transparency by demonstrating to stakeholders and contributors
how their funds are used.
Activity 4: What I Know Chart, Part 2
Activity 5: Check for Understanding (5 minutes)
1. E
2. C
3. D
4. B
5. A
